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Wall St ends flat after two-day run; Dow stays above 20,000

Thursday, January 26, 2017 - 01:10

U.S. stocks were little changed on Thursday as investors paused following a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, while the latest wave of earnings rolled in. Bobbi Rebell reports.

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The Dow holding above the 20,0000 level, climbing just a bit higher in Thursday's session. Investors paused following a two-day rally that pushed the Dow past that benchmark, while the latest wave of earnings rolled in. David Nelson of Belpointe: SOUNDBITE: DAVID NELSON, CHIEF STRATEGIST, BELPOINTE ASSET MANAGEMENT, (ENGLISH) SAYING: "I'm encouraged right now. The underpinnings of the market, not just here in the United States, but globally we are starting to see almost a global rally at this point. After the closing, bell Alphabet missing earnings estimates despite a rise in ad revenue. Microsoft profits rose powered by a surge for the company's flagship platform Azure. Intel reported a an almost ten percent jump in quartely revenue, boosted by a stabelizing PC market. During the regular trading day, Royal Caribbean Cruises jumped nine percent after it forecast higher-than-expected adjusted earnings for 2017 Qualcomm weighed on both, the S&P 500 and Nasdaq, as the chipmaker fell five percent after posting a lower-than-expected rise in quarterly revenue. In Europe, the major country indexes closed mixed despite optimism about mergers and aquisitions.

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Wall St ends flat after two-day run; Dow stays above 20,000

Thursday, January 26, 2017 - 01:10